June 25, 2025 | Spruce Properties
News & Insights
February 28, 2025 | connectcre.com
Spruce Properties Partners with New Urban Residential on MF Investment
Spruce Properties and New Urban Residential have announced a partnership to enhance value for investors at their existing properties and collaborate on new acquisitions. Spruce Properties manages 4,000 rental units in Indiana, Iowa, Kansas, and Missouri, while New Urban Residential operates 550 units in the Carolinas.
February 28, 2025 | citybiz.co
Stephanie Gubiotti Appointed President of New Urban Residential
New Urban Residential, which operates multifamily rental properties nationally as an affiliate of Spruce Properties, has announced the appointment of Stephanie Gubiotti as President. Gubiotti will oversee the company’s management operations and continued national growth.
January 28, 2025 | Business Finance
Spruce Properties and New Urban Residential Partner With 4,550 Units
Multifamily owners and operators Spruce Properties and New Urban Residential have formed a partnership to develop value for investors in their existing properties plus pursue new acquisitions.
December 8, 2020 | $56.75M Sold
NYC-based Spruce Properties buys Des-Moines-area portfolio for $56.75M, largest single apartment trade in the state of Iowa
JLL Capital Markets closed the $56.75 million sale, the 2nd largest multi-family purchase in the history of Iowa, and arranged $45.4 million in acquisition financing for Spruce Properties, the multi-family investment affiliate of Spruce Capital Partners.
February 6, 2020 | Commercial Observer
Spruce Capital Lands $102M Agency Loan for Indianapolis Rental Portfolio
Spruce Capital Partners has landed $102 million in Fannie Mae-backed debt from Newmark Knight Frank Multifamily to fund its purchase of a four-building multifamily portfolio in Indianapolis.
August 20, 2018 | Alabama.com
Mobile apartment complexes sell for $134 million
Some 2,000 apartment units in central Mobile have changed hands in a five-complex, $134 million deal. The five complexes involved are Crossings at Pinebrook, The Pathways, Sandpiper, Windsor Place and Yester Oaks.